Situational awareness: The stock market is loving the Federal Reserve's announcement that it would not raise interest rates.
Illustration: Sarah Grillo/Axios
Howard Schultz sounded stumped today when asked the price of a staple that wasn’t coffee — a reminder of the campaign-trail hazards for billionaires trying to project a common touch.
The big picture: Billionaires may be unlikely to know what a grocery item costs, and their actions as president would have limited effects on prices, Axios deputy managing news editor Justin Green points out.
But they should know the broader trends in the costs that most Americans face.
Why it matters: “[T]he next president will have to demonstrate not only that he or she understands the day-to-day struggles that people are facing, but they also have to lay out a clear plan to address those problems," Center for American Progress SVP Daniella Gibbs Léger told Axios.
Red deer graze in the snow in Glen Etive, Scotland.
The company behind the Roomba has built a robotic lawnmower, AP reports.
Why it matters: "American lawn culture also sets a higher bar for what a cut should look like: straight, back-and-forth lines are prized."
What's next: "The mowers will go on sale in the U.S. in 2020 after an invite-only beta launch later this year."